This Ferrari 275 NART Spyder sold for 120 new 458 Italias

The most expensive Ferrari ever sold at a U.S. auction.

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There really isn't an easy way to say this, so it's best to just come right out with it: $27.5 million. That's how much this 1967 Ferrari 275 NART Spyder just sold for, to the man who brought us Tommy Hilfiger, no less. Do numbers even go that high?

The sale sets the record for the most expensive car sold at auction in the United States and makes it the second most expensive car sold at auction in the world. First place belongs to Juan Manuel Fangio's 1954 Mercedes-Benz W196, which went for nearly $30 million.

Amazingly, the 275 NART Spyder had been in the same family for the duration of its life and belonged to the late Eddie Smith, who was the former mayor of Lexington, North Carolina. His son, Eddie Smith Jr., told the crowd in Monterey prior to the bidding, "This is a bittersweet moment for us ... Ferraris came and went, but this one never went, thank God. We enjoyed it as a family for 45 years."

According to Eddie Smith Jr., the Smith family is donating all of the proceeds to various charities.